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VIDEO:People

Neel Kashkari: What Banks Are Doing with Bailout Money

Description:Neel Kashkari, assistant secretary for financial stability at the U.S. Department of Treasury, addresses the federal government's effort to strengthen the financial sector through purchase of assets and equity from financial institutions in the wake of the subprime mortgage loan crisis. In this video Kashkari explains what banks are permitted to do with the bailout money. (4:24)

Source: FORA.tv Politics

Tags: Bailout Money Usage , Bailout Money , Banks Bailout , Capital Purchase Program

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